Sahajanand Medical Technologies IPO opened for subscription on Thursday, giving investors a three-day window to place their bids until October 19. The issue is commanding a grey market premium of 12%, indicating expectations of a potential listing gain in the unofficial market. However, the premium may fluctuate, and actual listing performance could differ.
The medical technology company aims to raise Rs 475.48 crore through the IPO, which comprises an offer for sale of 1.38 crore shares. As the issue is entirely an OFS, the company will not receive any proceeds from the offering; the funds will go to the selling shareholders.
